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Bank of England Act 1998
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Bank of England Act 1998, Paragraph 1 is up to date with all changes known to be in force on or before 07 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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1[F1(1)Each deposit-taker is an eligible institution for the purposes of this Schedule.U.K.
(1A)“Deposit-taker” has the meaning given in section 17, except that it does not include—
(a)a credit union;
(b)a friendly society;
(c)a person who has permission to accept deposits under Part 4 of the Financial Services and Markets Act 2000 only in the course of effecting or carrying out contracts of insurance in accordance with that permission; or
(d)an EEA firm of the kind mentioned in paragraph 5(c) of Schedule 3 to that Act.
(1B)“Credit union” has the meaning given—
(a)by the Credit Unions Act 1979; or
(b)in Northern Ireland, by the Credit Unions (Northern Ireland) Order 1985.
(1C)“Friendly society” means—
(a)a society which is registered within the meaning of the Friendly Societies Act 1974; or
(b)a society incorporated under the Friendly Societies Act 1992.]
(2)The Treasury may by order amend [F2sub-paragraphs (1) to (1C)] as they think fit.
Textual Amendments
F1Sch. 2 para. 1(1)-(1C) substituted (1.12.2001) for para. 1(1) by S.I. 2001/3649, arts. 1, 163(1)
F2Words in Sch. 2 para. 1(2) substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 163(2)
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